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Elevance beats quarterly profit estimates on lower-than-expected medical costs

Reuters
2025/01/23
Elevance beats quarterly profit estimates on lower-than-expected medical costs

Jan 23 (Reuters) - Elevance ELV.N beat Wall Street estimates for quarterly profit on Thursday, as the health insurer spent less than expected on the medical costs of its members.

On an adjusted basis, the company reported a fourth-quarter profit of $3.84 per share, compared with analysts' estimates of $3.80 per share, according to LSEG data.

(Reporting by Sriparna Roy and Sneha S K in Bengaluru; Editing by Maju Samuel)

((Sriparna.Roy@thomsonreuters.com;))

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